Date of buy initiation-19/9/2015
Prev Closing 235.4
Talwalkar is getting accumulated at current levels as its on strong support technically (100 MA on weekly chart)
Even at downfall, max downside is 200.
Talwalkar is known to give spectacular September Results. Thereby giving 20-40% returns within 2-3 months.
Last
year it gave good breakout in the 1st week of November and broke 52
week high. Subsequently doubled in 5 months and entered in consolidation
phase from there on. Now that the stock has been in accumulation stage
from long, we recommend to buy up to 200(not to wait till that level and
start accumulation) and investors can look for 600 target within 1-2
years. For traders, call will be generated soon when technical indicator
turns favourable
Happy Investing!!!!!
#JTtime.blogspot.com
Jt, Talwalker is now at 233 . Is tht talwalker had given a opprtunity to buy. Bcz u had written 200 is the max dwnfall. I know this is ur old post but can it be used again ?
ReplyDeleteJt, Talwalker is now at 233 . Is tht talwalker had given a opprtunity to buy. Bcz u had written 200 is the max dwnfall. I know this is ur old post but can it be used again ?
ReplyDeleteThanx for the comments. I could point out Talwalkars at this point again to re-think Talwalkars as investment avenue. I never suggest anybody to average any stock unless having strong conviction. When I wrote this post, it was trading above 200 Moving Average. Now it has came much below 200 Simple and Exponential Moving average which is a big sign of weakness (Stock coming from above 200 MA to below 200 SMA). It has sustained their for longer time and its finding difficult to break it to go upside. Promoters are right now very aggressive in acquisitions. Even their stake has been reduced. It will now take longer than expected time to start reaping benefits. Just Keep holding if u bought or if no position is taken, we always have fresh investment ideas.
ReplyDeleteHappy Investing